Northwestern Mutual - Steve Schwalje - Latest Economic Reports Paint a Mixed Picture, but Has Anything Changed?

September 18, 2023

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	SEPTEMBER 18, 2023

EXPERT INSIGHTS ON THE CHANGING MARKET




	Latest Economic Reports Paint a Mixed Picture, but Has Anything Changed?

	Mixed economic data out last week is unlikely to sway the Fed’s concerns about a tight labor market and the risk posed by strong wage growth.

Week ended...	09/8/23	09/15/23	One Week Change	YTD	One Year
S&P 500 Index	4,457.49	4,450.32	-0.16%	+17.29%	+15.99%
MSCI EAFE Index	2,074.02	2,108.23	-1.65%	+11.45%	+20.76%
Barclays Capital U.S. Aggregate Bond Index	2,060.85	2,054.10	-0.33%	+0.26%	-0.53%
10-year Treasury Note Rate	4.267%	4.334%	+6.7 bps	+45.7 bps	+88.3 bps

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